KLA Co. (NASDAQ:KLAC) Shares Sold by Geller Advisors LLC

Geller Advisors LLC cut its holdings in KLA Co. (NASDAQ:KLAC) by 46.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 341 shares of the semiconductor company’s stock after selling 292 shares during the period. Geller Advisors LLC’s holdings in KLA were worth $264,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KLAC. EWA LLC grew its position in shares of KLA by 14.9% in the third quarter. EWA LLC now owns 331 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 43 shares during the last quarter. Groupama Asset Managment increased its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of KLA by 9.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 295,236 shares of the semiconductor company’s stock worth $228,634,000 after acquiring an additional 25,764 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of KLA in the third quarter valued at $942,000. Finally, MML Investors Services LLC increased its position in KLA by 8.6% during the 3rd quarter. MML Investors Services LLC now owns 23,102 shares of the semiconductor company’s stock worth $17,891,000 after purchasing an additional 1,829 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KLAC shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna lowered their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Barclays reduced their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup decreased their price target on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $812.30.

KLA Stock Up 0.6 %

Shares of NASDAQ:KLAC opened at $652.37 on Tuesday. The company has a market capitalization of $87.26 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The company has a 50 day moving average of $684.86 and a two-hundred day moving average of $753.35. KLA Co. has a 52-week low of $542.41 and a 52-week high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the business earned $5.74 EPS. The business’s revenue was up 18.5% on a year-over-year basis. As a group, analysts forecast that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.04%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.